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Monitoring Your Economic Nexus Obligations: Practical Steps for Remote Sellers

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1.5 CPE credits
 
 
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Overview

As we pass the second anniversary of the historic U.S. Supreme Court decision in South Dakota v. Wayfair, the initial mania has begun to die down. Companies have a firmer grasp on where they stand with economic nexus rules across the states. 

However, managing economic nexus obligations is not a one-time flurry of state registrations. The story doesn’t end there. Your company’s ‘nexus profile’ requires ongoing attention and maintenance to ensure your company stays compliant.

States continue to enact new remote seller legislation – particularly marketplace facilitator laws – and fine tune previously passed legislation. There are numerous key items to monitor to determine if you meet a state’s economic nexus threshold, or potentially just as important, if you no longer meet the threshold.

Not keeping up with how changes in state rules or even changes in your own business impact your nexus obligations opens you up to a lot more risk should an audit come down. 

In this webinar, we will address the practical questions that come up in real business scenarios with economic nexus and registration so you can confidently track changes and stay compliant.

Who should attend?

This webinar is essential for remote sellers, including online sellers, online marketplace sellers, and sellers making sales into multiple states.

Financial and operations personnel who deal with sales and use tax as part of their responsibilities will also greatly benefit from this webinar. General practitioners, with minimal to no experience all the way to highly experienced pros are appropriate for this course.

About the Instructor

Diane L. Yetter, President & Founder, YETTER and Sales Tax Institute

Diane L. Yetter is the “Sales Tax NerdTM” as well as a strategist, advisor, speaker, and author in the field of sales and use tax. She is president and founder of YETTERTM, a sales tax consulting and tax technology firm in business since 1996. She is also the founder of The Sales Tax Institute, a premier think tank that offers live and online courses to educate business professionals about sales and use tax.

More About Diane L. Yetter

About the Instructor

Charles Maniace is the Vice President of Regulatory Analysis & Design at Sovos, a leading global provider of software that safeguards businesses from the burden and risk of modern tax. An attorney by trade, Chuck leads a team of attorneys and tax professionals responsible for all the tax and regulatory content that keeps Sovos customers continually compliant. Over his 15 year career in tax and regulatory automation, he has provided analysis to the Wall Street Journal, NBC, Yahoo! Finance, Politico, USA Today, Entrepreneur and more.

More About Charles Maniace

“Your information is excellent, concise and exactly what we need to try and keep on top of the sweeping changes to sales tax.”

Additional Details About the "Monitoring Your Economic Nexus Obligations: Practical Steps for Remote Sellers" Webinar

The U.S. Supreme Court’s decision in South Dakota v. Wayfair was a game changer for essentially any business making sales. Following the decision, waves of companies had to comply with new economic nexus rules and register to collect and remit tax in new states. 

Sellers must develop a “Wayfair Strategy” that extends beyond the time you register and get set up with a state. The strategy needs to account for the continual enactment of new remote seller legislation across the states, tweaks to existing state nexus rules, and any changes within the business in that affect nexus.

This ongoing maintenance is a tall order and prompts a lot of questions the states don’t always clearly answer. For example, if you drop below the economic nexus threshold in a state, can you or should you de-register? What happens if you’re a 100% marketplace seller and marketplace facilitator laws are enacted in a state where you’re already collecting? What if you’re above the threshold but all of your sales are exempt, do you need to register? And on and on… 

This webinar will help clear the air for day to day economic nexus management. You’ll learn about the key features of economic nexus rules and how they impact your business if they change, the interplay between economic and marketplace nexus rules, how to track your nexus obligations, and much more.

Your Teaching Staff

This 90-minute live webinar is taught by sales tax expert Diane Yetter of the Sales Tax Institute. She will focus on the practical issues and questions sellers run into with economic nexus and teach you how to develop an ongoing maintenance strategy to keep your company current and compliant. 

Diane will explain the trends happening across the states, share which states are proposing new legislation, and what the future may hold for sales tax nexus. During the live Q&A portion of the webinar, you can get answers to your specific sales tax questions directly from Diane.

Learning Objectives for this webinar include:

  • Learn what steps you need to take to monitor changes in your nexus profile so you can stay compliant in a changing landscape
  • Understand how marketplace facilitator laws impact your obligations as a marketplace seller – from calculating the economic nexus threshold to registration requirements
  • Find out how quickly you need to register if you have nexus in a state and what to do if you no longer meet an economic nexus threshold in a state
  • Learn how features of economic nexus legislation like the type of sales included toward the threshold (gross vs. taxable vs. retail) affect your company’s requirement to register across the states
  • Discover how states are re-evaluating the applicability of Wayfair to other tax schemes like gross receipts and income taxes
  • Learn how changes in your business like selling on a new channel can impact your nexus obligations

CPE Information:

Webinar attendees can earn 1.5 hours of CPE credit in the “Taxes” field of study

Prerequisites: This course requires no prerequisites or advance preparation.

Program Level: Basic

Delivery Method: Group Internet-Based

 

Additional Information about CPE

Cancellation/Complaint Policy

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